Datasea Inc - DTSS STOCK NEWS

Datasea Inc. (NASDAQ: DTSS) launched its Hailijia air sterilizer campaign on December 8, 2022, featuring product showcases in major Chinese cities. The Hailijia line, designed to combat airborne pathogens, boasts five models with ultrasonic disinfection technology proven effective against Covid-19 and other microorganisms. Datasea has secured eight marketing agreements to bolster distribution. The company aims to drive growth through innovative products and has received patents and certifications for its technology. CEO Zhixin Liu emphasized ongoing R&D investments to enhance their offerings.

Datasea Inc. (NASDAQ: DTSS) reported strong financial results for the first quarter of fiscal 2023, ending September 30, 2022, with revenue rising 73% to $1.16 million and gross profit increasing 136% to $150,197. The gross margin improved to 12.9% from 9.5% year-over-year. General and administrative expenses decreased by 6%. Despite a net loss of $1.34 million, down from $1.44 million in the prior year, the company is focused on enhancing its 5G messaging and acoustic intelligence businesses, indicating strong potential for ongoing growth and product rollouts.

Datasea Inc. (NASDAQ: DTSS) announced a sales agreement between its subsidiary, Shuhai Jingwei, and Shanghai Chengming Shengyuan for a minimum of 100,000 Hailijia air purifiers, valued at over RMB 150 million (about USD 20.5 million) from November 2022 to November 2023. The air purifiers leverage innovative acoustic intelligence for disinfection, addressing heightened demand post-pandemic. CEO Zhixin Liu highlighted the agreement as a key step in realizing the commercial potential of their air purifier technology, which aims to expand brand reach and generate revenue.

Datasea Inc. (NASDAQ: DTSS) announced a one-year sales agreement between its subsidiary, Shuhai Jingwei, and Shenzhen Yusheng Technology Co., Ltd. to supply Ultrasonic Sound Air Disinfection Equipment. This equipment boasts a disinfection efficacy of 99.83% against Covid-19 in nine seconds. Yusheng commits to purchasing at least 10,000 units, valued at a minimum of RMB 35 million (approximately USD 5 million), with the first batch of 1,000 units expected to be delivered by November 15, 2022. The product aims to set new benchmarks in disinfection technology.

Datasea Inc. (NASDAQ: DTSS) reported remarkable fiscal results for the year ended June 30, 2022, with revenue surging to $17.08 million, marking a 9,653% increase year-over-year. This growth was primarily driven by the adoption of its 5G messaging solutions. Gross profit rose to $955,673, up 917% from the previous year due to robust service delivery. The company has signed $41.72 million in 5G messaging contracts, while also expanding its acoustic intelligence and smart city offerings. Notably, Datasea is engaging in regulatory discussions and enhancing its marketing strategies to solidify its market position.

Datasea (NASDAQ: DTSS) has successfully delivered its Smart Hotel Solution to China Mobile Construction Nanjing Co., Ltd. following a $961,000 procurement agreement. This solution enhances customer experience and operational efficiency within the hospitality sector by streamlining IT operations and centralizing data. CEO Zhixin Liu emphasized the growing demand for smart city solutions in China, positioning Datasea to benefit from an upward trend in IoT applications. The company focuses on smart city technology, acoustic intelligence, and 5G messaging.

Datasea (NASDAQ: DTSS) has announced a five-year manufacturing agreement with Antuopu for its Ultrasonic Sound Air Disinfection Equipment, which utilizes acoustic intelligence technology achieving 99.83% efficacy against Covid-19 in just nine seconds. The partnership aims for a global market rollout following prototype confirmation. Antuopu's extensive production capacity ensures efficient fulfillment of orders. Additionally, Datasea is pursuing multiple certifications to enhance product credibility in international markets, including the U.S. and Europe.

Datasea Inc. (NASDAQ: DTSS) announced a procurement agreement through its subsidiary, Shuhai Jingwei, with Shenzhen Huanchen Technology Co., Ltd. for 5G messaging services. This agreement, valued at RMB 30 million (approximately USD 4.4 million), covers a twelve-month term and includes prepaid service fees. CEO Zhixin Liu emphasized the company's commitment to enhancing 5G messaging as an effective marketing tool, indicating strong growth potential in this market. The partnership aligns with Datasea's strategy to capitalize on increasing demand for innovative marketing solutions in China's vibrant technology sector.